A police spokeswoman initially said they were responding to a land rescue incident "one ridge over from The Remarkables ski field".
Police were contacted at 1.43pm, she said.
The Remarkables ski area manager Ross Lawrence said there had been an avalanche at the area known as the Scarpa Run, outside the skifield.
"Ski-patrol staff have completed a search and at this time believe no-one has been caught in the avalanche," police said.
Rescue dogs were flown to the site at 3pm and found no evidence suggesting people were trapped by the avalanche.
"A bus driver from The Remarkables spotted the 150m-long, 95cm-deep avalanche on the opposite side of the gully from the ski area access road."
"The Remarkables ski patrol searched the area immediately and are confident that no one had been caught in the debris, ski area manager," Mr Lawrence said.
“Our patrol team conducted an extensive search of the area and found no trace of anyone. However, to make sure, we flew in a dogs team to do a final search. After two sweeps they also found no trace of anyone,” he said.
The New Zealand Avalanche Advisory says the Queenstown area is currently at level 3 - "considerable risk".
